Impressive Investment with 8%+ Return!
Modern and impressive light industrial property leased to established kitchen joinery business Town & Country Cabinets from 1st August 2011 at commencing net rent of $96,862.50 pa plus outgoings & GST. The lease is for 4 years with a two option for renewal of 4 years each. The property is strategically located close to Mount Barker freeway junction. The building area is approximately 1,107sqm with a site area of approximately 2,491sqm.
This commercial investment opportunity is being offered for sale at an 8%+ yield. At this price, with such an attractive return, investor interest is expected to be strong. The Vendors will therefore be favouring interest from purchasers who are able to provide the best possible settlement terms and timescale.
There are two inter-linked modern warehouse/workshop buildings. The larger is approx 811 sqm and includes a front reception and showroom. The smaller building is approx 296 sq.m.
Other features include: - 4.2m high loading doors - eaves height approx 4.9m - 100amp 3 phase power - 150mm thick concrete floor - highbay lighting - concrete driveway & car park - magnificent scenic outlook views - Zoned Light Industry
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